Hecla Mining (NYSE:HL) Given “Buy” Rating at HC Wainwright

Hecla Mining (NYSE:HL)‘s stock had its “buy” rating reiterated by HC Wainwright in a research report issued on Thursday, Benzinga reports. They presently have a $10.25 price target on the basic materials company’s stock. HC Wainwright’s target price would indicate a potential upside of 108.55% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. StockNews.com raised shares of Hecla Mining to a “sell” rating in a report on Wednesday, April 10th. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Hecla Mining in a report on Monday, April 8th. Finally, Roth Mkm lifted their price target on Hecla Mining from $4.60 to $6.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.89.

Hecla Mining Stock Down 1.5 %

Shares of NYSE HL opened at $4.92 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.65 and a debt-to-equity ratio of 0.33. The company has a market cap of $3.03 billion, a P/E ratio of -32.76 and a beta of 2.21. Hecla Mining has a 52 week low of $3.33 and a 52 week high of $6.23. The business has a 50-day simple moving average of $4.75 and a two-hundred day simple moving average of $4.44.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Thursday, February 15th. The basic materials company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The firm had revenue of $160.69 million during the quarter, compared to the consensus estimate of $151.51 million. Hecla Mining had a negative net margin of 11.69% and a negative return on equity of 0.27%. Hecla Mining’s revenue was down 17.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 earnings per share. Research analysts anticipate that Hecla Mining will post 0.02 earnings per share for the current fiscal year.

Institutional Trading of Hecla Mining

Hedge funds have recently bought and sold shares of the company. Byrne Asset Management LLC bought a new position in Hecla Mining during the 1st quarter worth approximately $34,000. Advisor Partners II LLC bought a new stake in Hecla Mining in the third quarter valued at $52,000. Empowered Funds LLC increased its position in shares of Hecla Mining by 27.7% during the first quarter. Empowered Funds LLC now owns 13,447 shares of the basic materials company’s stock valued at $65,000 after buying an additional 2,916 shares during the period. Cornerstone Wealth Management LLC purchased a new position in shares of Hecla Mining during the 4th quarter worth approximately $72,000. Finally, SG Americas Securities LLC bought a new position in Hecla Mining in the fourth quarter worth $76,000. Institutional investors own 63.01% of the company’s stock.

About Hecla Mining

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.